Head Count

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JERUSALEM: An Israeli Information Technology company is planning acquisitions in India to increase its software development staff and cut engineering costs. Ness Technologies, which made its initial public offering (IPO) in October, said the only way to meet up with the rising demand from its clients cost-effectively is to expand its operations in India. "We are currently seeing very strong demand from our clients, and we are in a situation where we are trying to meet that demand in an effective way," Raviv Zoller, president and CEO of Ness Technologies told the local media adding, "one of the ways to grow our head count in India would be through an acquisition.

JERUSALEM: An Israeli Information Technology company is planning acquisitions in India to increase its software development staff and cut engineering costs. Ness Technologies, which made its initial public offering (IPO) in October, said the only way to meet up with the rising demand from its clients cost-effectively is to expand its operations in India. "We are currently seeing very strong demand from our clients, and we are in a situation where we are trying to meet that demand in an effective way," Raviv Zoller, president and CEO of Ness Technologies told the local media adding, "one of the ways to grow our head count in India would be through an acquisition.

How does Infosys stack up against its Indian rivals? Infosys is "diversified with a focus on large enterprises. It's better positioned in the consulting domain and growth verticals like retail and utilities", says Srishti Anand of Angel Broking. What that means is Infosys' business model is focused on marquee clients such as JP Morgan, Bank of America, Microsoft, etc . ( Infosys succession: Industry experts give their take ) In comparison, rivals like Wipro and HCL have excelled in infrastructure management and product engineering services . These companies are adept at everything—from maintaining systems to "helping customers reduce number of parts in a car or weight of an aircraft", says Karthik Ananth of Zinnov Management Consulting.

NEW YORK: Rupert Murdoch's News Corp. announced plans to carry out job cuts on Thursday after reporting a $ 6.41 bn loss in the second quarter of its fiscal year. "Our results for the quarter are a direct reflection of the grim economic climate," Murdoch said in a statement. "While we anticipated a weakening, the downturn is more severe and likely longer lasting than previously thought. "We are implementing rigorous cost-cutting across all operations and reducing head count where appropriate," he added.

CHENNAI: Software services provider GSR Business Services on Wednesday announced that it had partnered with Microsoft to develop various latest mobile-based software solutions that would benefit especially business community. "Development of mobile-based software includes 'sales force automation', ERP solutions and medical query system", GSR Business Services President and CEO Prem Hinduja told reporters here. He said the Microsoft would be giving all the software components, that would be implemented in these mobile-based solutions.

NEW DELHI: Public sector units, which saw a reduction in their head count in 2008-09 due to voluntary retirement schemes, have started hiring again and may return to the 2007-08 level of 15.66 lakh employees this fiscal, a senior official said. "In the current year, the PSUs may provide gainful employment," Department of Public Sector Enterprises Secretary Bhaskar Chatterjee told PTI. These companies are expected to create fresh employment for 31,000 people in the current fiscal.

NEW DELHI: Amid variation in estimates of poverty in the country, the government has decided to set up an expert group to revisit the methodology of ascertaining the number of poors. The variation in estimates of poverty is due to the differences in data and yardsticks used, Minister of State for Planning, Science and Technology and Earth Sciences Ashwani Kumar told the Rajya Sabha in a written reply. The methodology for estimation of poverty followed by the Planning Commission has been based on the recommendations made by the experts in the field from time to time, he said.

NEW DELHI: British hospitality chain Premier Inn plans to hire nearly 400 people in India in little over three years, as part of its expansion efforts. Currently, the company has about 70 employees in the country and is looking to increase the head count to 470 by 2013. Well known for its budget hotels, Premier Inn is looking to expand into different Indian cities. Currently, the entity has a hotel in Bangalore and would be opening another one in New Delhi early next year, according to a top official of the company.

NEW DELHI: A conflict has risen between the National Advisory Council (NAC), chaired by Ms Sonia Gandhi , and the rural development ministry over the time-frame for completing the BPL census. NAC members N C Saxena and Harsh Mander, in particular, want the head count to be completed by September 2011. The rural development ministry has ruled out the possibility of conducting the census of BPL cardholders within such a short duration. It says that it can start the exercise only after next April, when the Registrar-General and Census Commissioner's office would have wound up Census 2011.

HYDERABAD: Cambridge Technology Enterprises today announced completion of all formalities related to the acquisition of CellExchange, Inc, a Cambridge based system integrator company, for a total deal size of 15 mn dollars in guaranteed cash and performance based earn-outs. Cambridge Technology Enterprises is a global IT services provider a leading provider of SOA based solutions and Enterprise Transformation applications to mid size enterprises and mid size business units of Global 2000 enterprises.